PROSHARES ULTRASHORT BLOOMBE (SCO) Technical Analysis
NYSEARCA:SCO • US74347Y7976
Current stock price
SCO Technical Rating and Analysis
Taking everything into account, SCO scores 0 out of 10 in our technical rating. SCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SCO is a bad performer in the overall market: 97% of all stocks are doing better.
- SCO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SCO is lagging the market.
- In the last month SCO has a been trading in the 7.63 - 11.30 range, which is quite wide. It is currently trading near the lows of this range.
- SCO has an average volume of 21129300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
SCO Weekly and Daily overview Charts
SCO Setup Rating and Analysis
SCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.67. Right above this resistance zone may be a good entry point.
More info and screens
SCO Support and Resistance Analysis
8.13
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 8.67 to 8.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.65 from a trend line in the daily time frame.
- Resistance @16.44 from a horizontal line in the daily time frame.
- Resistance @18.14 from a horizontal line in the daily time frame.
- Resistance @19.83 from a horizontal line in the daily time frame.
- Resistance @20.15 from a horizontal line in the weekly time frame.
SCO Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCO is down. |
| ChartMill Relative Strength | 3.42 | NEGATIVE | SCO has a low relative strength, it was outperformed by 96.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.79 | NEUTRAL | The RSI value for SCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests SCO has a positive trend. |
| Stochastics (14,3) | 50.06 | NEUTRAL | The Stochastics value for SCO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.25 | HIGH VOLATILITY | The high ATR as a percentage value for SCO suggests high volalility. |
| Average Directional Index/ADX (14) | 48.47 | POSITIVE | The high ADX value value for SCO suggests a strong trend. |
SCO Chart- and CandleStick Pattern Analysis
SCO Technicals: Chart, Performance Metrics, Trend & Indicators
8.21
-0.58 (-6.6%)
PROSHARES ULTRASHORT BLOOMBE / SCO TA FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT BLOOMBE?
ChartMill assigns a technical rating of 0 / 10 to SCO.
Can you provide the trend direction for PROSHARES ULTRASHORT BLOOMBE?
The current trend direction for PROSHARES ULTRASHORT BLOOMBE (SCO) is Bearish.
What is the RSI signal for SCO stock?
PROSHARES ULTRASHORT BLOOMBE (SCO) has an RSI value of 34.793. This indicates that the stock is currently neutral.
What is the MACD signal for SCO stock?
The MACD indicator for PROSHARES ULTRASHORT BLOOMBE (SCO) has a value of 0.261645, indicating a bearish trend.
What is the buy/sell signal for PROSHARES ULTRASHORT BLOOMBE (SCO) stock?
The buy/sell signal for PROSHARES ULTRASHORT BLOOMBE (SCO) is sell as both the short term and long term trends are negative.